The Board of the Chile Financial Market Commission censured Chubb Seguros Chile S.A. and Banchile Corredores de Seguros Limitada under Resolution No. 5,645 for selling insurance policies with coverage inconsistent with the rules then in force under Law No. 20,009 and for failing to follow instructions, with the sanction reflecting the case's low materiality and the firms' subsequent corrective action.
Chile Financial Market Commission2026-06-04
Chile Financial Market Commission censures Chubb and Banchile over insurance policies that breached Law No. 20,009
The Board of the Chile Financial Market Commission censured Chubb Seguros Chile S.A. and Banchile Corredores de Seguros Limitada for selling insurance policies with coverage inconsistent with Law No. 20,009 and for failing to follow instructions. The Commission noted the low materiality of the case and the firms’ subsequent corrective action in determining the sanction.